The club was formally founded on 15 December 1995 by
Samsung Electronics, becoming the ninth member of the
K League from the
1996 season. It was also the first club to be founded in one specific city, a plan which led to the K League initiating plans to encourage its other clubs to forge similar links with local communities. Former
South Korean national team manager
Kim Ho took charge of the side from their first season in the K League, and the team finished runners-up in the championship play-off that season. The championship was secured in
1998 and retained in
1999 as Suwon started to dominate Korean football. Suwon lifted the
Asian Club Championship twice in succession in
2000–01 and
2001–02, and also added the
Asian Super Cup to their roll of honors on two occasions. In the 2002 season, Suwon also won the
Korean FA Cup for the first time, achieving a continental
double. The departure of Kim Ho in 2003 saw Korean football legend
Cha Bum-kun appointed manager ahead of the
2004 season, and the club won its third league title in his debut season as manager. Suwon finished runners-up in both major domestic competitions in 2006, as
Seongnam Ilhwa Chunma claimed victory in the K League championship play-off final and
Chunnam Dragons won in the FA Cup final, thwarting Suwon's attempts to win the first ever domestic double in South Korean football. The 2008 season became one of the most successful seasons in the club's history. Suwon achieved a domestic double by winning the
K League Championship and the
League Cup. After the appointment of coach
Seo Jung-won in 2013, the team started focusing on financial self-sufficiency and reducing expenditures, marking a shift away from reliance on generous support from its parent company Samsung Electronics, with ownership eventually being transferred to
Cheil Worldwide, a Samsung affiliate. The club began transitioning from being a "team that wins by effectively utilizing the parent company's budget" to "a team that generates its own revenue and maintains appropriate performance." Despite failing to win another domestic or continental title, the club continued to be a force in South Korea and Asia, finishing as K League runners-up in the
2014 and
2015 seasons, as well as reaching the semi-finals of the
2018 AFC Champions League. Suwon's last major honour came in 2019, winning the
Korean FA Cup and qualifying for the
2020 AFC Champions League. Major financial changes at the club led to poor results, and in the 2023 season, the club was relegated to the second-tier
K League 2 for the first time in its history after finishing last. After failing to be promoted for two seasons in a row, the Bluewings hired
Gwangju FC manager
Lee Jung-hyo to manage the club. In the club's first game under his helm, the opening game of the
2026 K League 2 season, they defeated
Seoul E-Land 2–1 at home and set a new K League 2 attendance record of over 24,000. ==Crest and colours==